Automated teller machine

Automated teller machine (ATM)

Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU). Groups of banks sometimes share ATMs. Sometimes called Automated Banking Machines.

Automated Teller Machine

Commonly called an ATM. A computer program located in a kiosk allowing the user to conduct certain bankingtransaction. Most often, an ATM allows the user to withdrawcash, but one may also check the balance of an account, make a deposit, make a payment, or conduct other transaction. The user may be assessed a fee to use an ATM, especially if the user's account is at a bank other than the one that owns the ATM.

While each bank sets its own ATM fees and transaction charges vary, fees charged when using ATMs affiliated with your bank's regional network are typically less than those incurred when using an ATM through a national ATM network," said Kucler.

Triple DES encryption, a higher standard of data encryption, is the newest communications security upgrade for ATMs required by VISA(R) and MasterCard(R) and is designed to better protect electronically transmitted data.

Oki's choice of Kalignite to create its ATM solution demonstrates Oki's commitment to Open Standards," said Aravinda Korala, CEO of KAL "We are seeing a rapid swing by banks towards open-standards and best-of-breed solutions.

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